343 Richards WaySparksNV89431
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Sparks at 343 Richards Way, Sparks, NV, 89431 with 5% annual appreciation on a $409,900 basis while $2,502/mo rent supports operations. Total monthly income totals $2,502/mo and a $2,006/mo payment preserves $134/mo for cash returns. Annual cash flow comes to $1,607/yr on $135,882 deployed, and return on cash invested reaches 21.09% in year one. Equity gained on principal adds $2,645/yr, and five-year appreciation sums $113,248 alongside rental yield of 7.32%. Five-year ROI measures 108.64% and total cumulative return in cash totals $147,616.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,502/mo property income versus a $2,006/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89431, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,074 (42.0%) |
| Renter Occupied HU | 8,987 (53.3%) |
| Vacant Housing Units | 799 ( 4.7%) |
| Median Home Value | $383,516 |
| Average Home Value | $472,222 |
Housing Distribution
Address Breakdown
Residential
15,835
Single Family
12,721
Multi-Family
3,114
Businesses
2,572
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